Author: Arvin Jayasuriya
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Emergency IMF Support, Enduring Constraints: Sri Lanka Faces a Narrow Fiscal Path
With the International Monetary Fund (International Monetary Fund) approving a $206 million Rapid Financing Instrument (RFI), Sri Lanka has formally recommitted itself to fiscal discipline and an open trade and payments regime, even as the scale of economic disruption from Cyclone Ditwah sharpens concerns over the durability of the recovery narrative. Initial estimates underline the